Sappi (SPPJY) Cyclically Adjusted PB Ratio: 0.17 (As of Jul. 23, 2026) — 82% Below Median

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SPPJY Sappi Ltd SPPJY
52 GF Score
Price $0.72
GF Value $1.97
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Sappi Cyclically Adjusted PB Ratio?

Sappi SPPJY -6.12% 52 Cyclically Adjusted PB Ratio is 0.17 as of Jul. 23, 2026, which is 82% below its 10-year median of 0.96. GuruFocus rates SPPJY with a GF Score™ of 52/100 and a GF Value™ of $1.97 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 246 Forest Products companies, Sappi ranks better than 90.24% on this metric.

As of today (2026-07-23), Sappi's current share price is $0.72. Sappi's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.18. Sappi's Cyclically Adjusted PB Ratio for today is 0.17.

The historical rank and industry rank for Sappi's Cyclically Adjusted PB Ratio or its related term are showing as below:

SPPJY' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.96   Max: 2.65
Current: 0.17

During the past years, Sappi's highest Cyclically Adjusted PB Ratio was 2.65. The lowest was 0.13. And the median was 0.96.

SPPJY's Cyclically Adjusted PB Ratio is ranked better than
90.24% of 246 companies
in the Forest Products industry
Industry Median: 0.76 vs SPPJY: 0.17

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Sappi's adjusted book value per share data for the three months ended in Mar. 2026 was $3.108. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $4.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sappi  (OTCPK:SPPJY) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Sappi Cyclically Adjusted PB Ratio Related Terms


Sappi Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sappi's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sappi Cyclically Adjusted PB Ratio Chart

Sappi Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.89 0.86 0.76 0.76 0.33

Sappi Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.44 0.33 0.35 0.24

SPPJY vs SLVM: Cyclically Adjusted PB Ratio Comparison

For the Paper & Paper Products subindustry, Sappi's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sappi Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sappi's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Sappi's Cyclically Adjusted PB Ratio falls into.


SPPJY
52GF Score
Sappi Ltd SPPJY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sappi Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Sappi's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.72/4.18
=0.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sappi's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Sappi's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=3.108/164.7700*164.7700
=3.108

Current CPI (Mar. 2026) = 164.7700.

Sappi Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.229 106.713 3.442
201609 2.597 107.694 3.973
201612 2.698 109.002 4.078
201703 2.900 111.400 4.289
201706 3.042 112.054 4.473
201709 3.265 112.926 4.764
201712 3.381 113.907 4.891
201803 3.546 115.542 5.057
201806 3.417 116.959 4.814
201809 3.482 118.376 4.847
201812 3.529 118.921 4.890
201903 3.661 120.774 4.995
201906 3.746 122.191 5.051
201909 3.589 123.281 4.797
201912 3.792 123.717 5.050
202003 3.346 125.679 4.387
202006 3.261 124.807 4.305
202009 2.988 126.878 3.880
202012 3.270 127.467 4.227
202103 3.451 129.628 4.387
202106 3.621 131.113 4.551
202109 3.508 133.273 4.337
202112 3.532 135.029 4.310
202203 4.172 137.594 4.996
202206 4.209 140.835 4.924
202209 4.172 143.671 4.785
202212 4.468 145.156 5.072
202303 4.473 147.586 4.994
202306 4.460 148.802 4.939
202309 4.375 151.502 4.758
202312 4.038 152.718 4.357
202403 3.869 155.483 4.100
202406 4.052 156.269 4.272
202409 4.301 157.212 4.508
202412 4.090 157.212 4.287
202503 4.090 159.728 4.219
202506 4.076 160.985 4.172
202509 3.818 162.570 3.870
202512 3.847 162.880 3.892
202603 3.108 164.770 3.108

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 0.17 mean?
Sappi (SPPJY) has a Cyclically Adjusted PB Ratio of 0.17 as of Jul. 23, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sappi and its competitors. This is 82% below median its historical median of 0.96. Over the past decade, Sappi's Cyclically Adjusted PB Ratio has ranged from 0.13 to 2.65. According to the industry distribution chart, Sappi ranks #24 out of 246 companies in the Forest Products industry, placing it in the top 9.8%.
Is Sappi's Cyclically Adjusted PB Ratio too high?
Sappi's current Cyclically Adjusted PB Ratio of 0.17 is 82% below median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 2.65. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.76. Sappi's value of 0.17 is 77.6% below this industry median. Based on the distribution chart, Sappi ranks #24 out of 246 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sappi has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sappi's Cyclically Adjusted PB Ratio compare to SLVM?
According to the Forest Products industry distribution chart, Sappi ranks #24 out of 246 companies for Cyclically Adjusted PB Ratio. This places Sappi in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.76. Sappi's value of 0.17 is 77.6% below this benchmark. Historically, Sappi's own Cyclically Adjusted PB Ratio has ranged from 0.13 to 2.65 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.76, Sappi has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.76, based on 246 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sappi's current Cyclically Adjusted PB Ratio of 0.17 is 77.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Sappi and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sappi's current Cyclically Adjusted PB Ratio is 0.17, which is 82% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sappi stock overvalued right now?
Based on GuruFocus' analysis, Sappi (SPPJY) is currently considered Possible Value Trap. The stock's GF Value™ is $1.97, compared to a current price of $0.72 — trading 63.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.17, which is 82% below median its 10-year median of 0.96 and 77.6% below the Forest Products industry median of 0.76. Sappi's overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Sappi (SPPJY), the current Cyclically Adjusted PB Ratio is 0.17 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sappi (SPPJY) Overvalued in 2026?

Based on GuruFocus' analysis, Sappi stock appears to be undervalued. The current stock price of $0.72 is trading 63.5% below its estimated GF Value™ of $1.97. GuruFocus considers Sappi to be Possible Value Trap.

Key valuation signals for SPPJY:

  • Cyclically Adjusted PB Ratio: 0.17 (82% below median its 10-year median of 0.96)
  • GF Value™: $1.97 vs. price of $0.72 (63.5% below fair value)
  • GF Score™: 52/100 with 6 warning signs
  • Industry Position: 77.6% below the Forest Products median (#24 of 246)

No single metric tells the full story. See the SPPJY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sappi Business Description

Other Exchanges SAP:South AfricaSPI:Germany
Address 108 Oxford Road, Ground Floor, Houghton Estate, Rosebank, Oxford Room, Johannesburg, GT, ZAF, 2198
Sappi Ltd is engaged in the manufacturing of sustainable woodfibre-based products including specialty and packaging papers, graphic papers, release papers, pulp, and biomaterials like lignin and furfural from renewable resources. The products and services include Dissolving pulp, Graphic papers, Packaging and specialty papers, Casting and release papers, Biomaterials and Bio-energy. The company's geographical segments include Europe, North America and South Africa. The majority of revenue is generated from South Africa.
52GF Score

Get the complete analysis for SPPJY

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.72
Price
$1.97
GF Value